Frontline

Prescriptive Analytics – Business Efficiency Redefined. The central problem for most businesses is this: how to best use a limited set of resources, given various constraints, so that some measure of performance (profit usually) is maximized. The resources of a retail business for example, will include shelf space, staff, warehousing…

What is prescriptive analytics? – in short it is concerned with the optimal use of resources (people, transport, machines etc.) given a set of constraints and a well defined objective. One of the classical use cases is found in logistics – which loads should be batched together, and which routes used…